joni328

BANKEX: stagnation before potential growth

BITTREX:BKXBTC   None
Analyzing both technical and fundamental analysis, one can say that the last one prevails. However, we see price rollback to previous levels. According to the 4 hours bar chart, support zone is at the level of 1050 satoshi, while resistance is at 1169 satoshi. One more important index is 1130 satoshi. Supposedly, the rate will reach it in the short time, as ''bears'' have no more power to push the market down. According to this, current price (1056 satoshi) is a good chance to enter the market. It is backed not just by technical analysis, but by fundamental as well. Yesterday The BANKEX Team won a special prize from Kyber Network at theETHSanFrancisco conference. Guys developed Feth (Friendly Ethereum), a secure UI-friendly protocol to sign transactions via messengers. So, these factors may play an important for the upcoming bullish trend.
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